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On March 20, 2025, the Tax Department issued a key update regarding the submission of the Income Tax Return for the tax year 2023 for companies and self-employed individuals who are required to prepare accounts.

A trust may be defined as the obligation under which a person to whom property is transferred (i.e. the trustee) is bound to deal with the beneficial interest in such property in a particular...

The IP box regime's benefits are maximised if a start-up develops its qualifying assets in-house.

The amendments became effective as from the date of their publication.

Recently issued Circular 2016/15 now allows for tax payers to adjust their tax computations by including notional revenue and the corresponding notional expense on transactions...

The deadline for the settlement of the second instalment of the 2021 temporary tax is the 31st of December 2021.

The deadline for the settlement of the second instalment of the 2022 temporary tax is the 31st of December 2022.

On 3 December 2020 the Cyprus Parliament voted for the extension of relevant tax provisions of the Cyprus tax legislation with respect to the debt restructurings.

While the main aim of the changes was to increase the attractiveness of the taxation regime for mutual funds and collective investment schemes, the authorities have also taken the opportunity to simplify the taxation of interest generally.

Circular 2016/14,(1) issued by the Tax Department on September 29 2016, clarifies the taxation arrangements for companies which provide betting services under a licence...

An Agreement to Avoid Double Taxation between Croatia and the United States of America was signed on December 7, 2022, by the US Undersecretary for Economic Growth, Energy...

Under the Cyprus Companies Law, the directors of every company are responsible for the bookkeeping necessary for the preparation

Cyprus is the ideal location for a company to kick-start its business. The island enjoys a large pool of well-educated and highly skilled human talent.

As an established global expert in the field of residency and citizenship by investment, I've observed countless initiatives aimed at attracting high-net-worth individuals (HNWIs).

The House of Representatives approved on Friday 22 May 2020 a government bill in the context of the plan to support the Cyprus economy.

Cyprus has recently unveiled significant tax policy adjustments that directly impact various income streams. One notable change includes the reduction of the Special Defense...